MGT101 Assignment NO:1 Idea Solution Fall 2011

Answer Q1:
1. Total Asset = Rs. 100,000/-
Total Liabilities = Rs. 40,000/-
Owners' Equity =?
Total Assets = Total Liabilities + Owners' Equity
Owners' Equity = Total Assets - Total Liabilities
Owners' Equity = 100,000 – 40,000 = Rs. 60,000/-
2. Total Asset = Rs. 500,000/-
Owners' Equity = Rs. 300,000/-
Total Liabilities =?
Total Assets = Total Liabilities + Owners' Equity
Total Liabilities = Total Assets - Owners' Equity
Total Liabilities = 500,000 – 300,000 = Rs. 200,000/-
3. Total Liabilities = Rs. 400,000/-
Owners' Equity = Rs. 500,000/-
Total Assets =?
Total Assets = Total Liabilities + Owners' Equity
Total Assets = 400,000 + 500,000 = Rs. 900,00